Odysight.ai Inc. (NASDAQ:ODYS) Sees Significant Growth in Short Interest

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,194 shares, a growth of 184.7% from the February 12th total of 2,176 shares. Based on an average daily trading volume, of 12,996 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 12,996 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odysight.ai in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Odysight.ai currently has an average rating of “Hold” and a consensus target price of $10.00.

Odysight.ai Stock Down 0.5%

NASDAQ ODYS traded down $0.03 during trading hours on Wednesday, reaching $5.86. The company’s stock had a trading volume of 28,080 shares, compared to its average volume of 30,438. The company has a market capitalization of $95.85 million, a price-to-earnings ratio of -5.33 and a beta of 0.44. Odysight.ai has a 1 year low of $2.60 and a 1 year high of $7.02. The firm’s 50-day moving average price is $5.00 and its 200-day moving average price is $4.11.

Insiders Place Their Bets

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $3.33, for a total value of $1,077,065.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 637,923 shares of company stock worth $2,144,643. Insiders own 46.90% of the company’s stock.

Institutional Trading of Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd acquired a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai accounts for about 0.1% of Noked Israel Ltd’s holdings, making the stock its 11th biggest holding. Noked Israel Ltd owned 1.23% of Odysight.ai as of its most recent filing with the Securities & Exchange Commission. 19.67% of the stock is currently owned by institutional investors and hedge funds.

About Odysight.ai

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.